BSE:PFC is good long for a Target of 160 in short to medium term with SL of 100.
All position mention in cash level. Follow strict SL to avoid losses in volatile market.
Happy Trade!!
It is been observed on the daily chart that the price action is trending down after consolidation. It shall further dip down from current levels.
Target 1 - 120
Target 2- 115
SL-130
It is been observed on the hourly chart, that the price action is holding on to a strong support zone indicating a strong buying at current levels that can up lift the price action in coming session.
It is providing a good risk to reward entrance at current levels too.
Target - 132. 50 (1:2)
Target 2: 135 (1:3)
Target 3: 137.50 (1:4)
Stoploss: 125
It is been observed technically that the price action breaks above the consolidated triangle on monthly chart and indicating a big breakout and buyers are now in full control of price action. Now, it shall be trending up and from here on every dip is a buy or accumulate.
Fundamental:
Currently, undervalued as the intrinsic value of the stock is higher than the...
Power Finance Corp. Ltd. is a non-banking financial company, which engages in the provision of financial assistance to power sector. It offers fund based and non-fund based policies, and non-fund based consultancy services. The company was founded on July 16, 1986 and is headquartered in New Delhi, India.
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PFC
